Dollar extends gains vs. rivals after ECB policy move – The dollar extended gains against the other majors currencies on Thursday, after the European Central Bank’s latest policy decision and positive a U.S. jobless claims report.

tumbled 1.26% to 1.0616, pulling away from one-month highs of 1.0873 hit earlier in the day.

The euro weakened broadly after at its monthly policy meeting that it would extend its asset purchase program for an additional nine months.

Beyond the program’s scheduled end in March 2017, the central bank said net asset purchases are intended to continue at a monthly pace of €60 billion until the end of December 2017, or beyond, if necessary.

In addition, the ECB left its benchmark interest rate unchanged at a record-low of zero, in line with forecasts.

In the U.S., the Labor Department said fell by 10,000 to 258,000 in the week ending December 2, in line with expectations.

Elsewhere, slid 0.28% to 1.2591, not far from Tuesday’s nine-week highs of 1.2776.

rose 0.34% to 114.16, while jumped 0.95% to 1.0170.

The Australian and New Zealand dollars were lower, with down 0.55% at 0.7438 and with edging down 0.11% to 0.7157.

Earlier Thursday, the Australian Bureau of Statistics said the country’s widened to A$1.541 billion in October from A$1.272 billion in September. Analysts had expected the trade deficit to narrow to A$0.800 billion in October.

At the same time, data showed that China’s increased at an annualized rate of 6.7% last month, while ticked up 0.1%.

China is Australia’s biggest export partner and New Zealand’s second biggest export partner.

Meanwhile, slipped 0.21% to 1.3208.

Statistics Canada reported that increased by 8.7% in October, confounding expectations for a 0.7% fall.

The commodity-related also found support amid rising on Thursday, although doubts remained over whether a planned output cut by OPEC will be enough to reduce a global supply glut.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.87% at 101.14, off session lows of 99.50 and at the highest level since December 5.

by Investing